$1,500,000 Active
732 Cedar Street
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
1 Beds
·
1.0 Baths
·
640 Sq Ft

About This Property

This property is being offered exclusively in conjunction with an accepted contract on the adjacent residence located at 730 Cedar Street. Just one block from the iconic Zephyr Cove Resort and moments from the sandy shoreline of Zephyr Cove Beach, 732 Cedar Street presents a rare opportunity to acquire one of the original cabins in the Zephyr Cove neighborhood while securing two adjacent prime parcels within the coveted Zephyr Cove Association. TRPA coverage has been verified at over 2,800 square feet, creating exceptional future potential and flexibility for a legacy estate compound or expanded redevelopment opportunity.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260006353
Price/Sq Ft $2,344

Property History

May 20, 2026
Listed for sale
$1,500,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 640
Lot Size 0.11 acres
Stories 2
Year Built 1926
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-310-040
Parking
Total Parking 4
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Artificial Turf, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, ENERGY STAR Qualified Equipment, Forced Air, Heat Pump, Natural Gas, Radiant Floor
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $3,225
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 732 Cedar Street, Zephyr Cove

Est. Annual Revenue
$46,132
Avg Nightly Rate
$278
Projected Occupancy
43.5%
Cap Rate
1.2%
Structural Score: 46 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Zephyr Cove. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($300,000)
Home price
$1,500,000
Loan details
30-yr fixed, 6.5%
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